DougM

Obama Wants a 'Better Plan'? Here's One: Bite the Bullet

So, I don't live in a McMansion and drive a fancy car purchased on credit, and have tried to save money for my old age so I won't be dependent on the government, and I've "stolen" my savings from my neighors who've leveraged themselves to the hilt to live a lifestyle their economic productivity simply can't support, ever? What's the country come to?

The Dow's Lost Decade

Why not look at one of the energy stocks in the Dow before you declare the "old economy" toast?

A Tale of Two Industries

Oil companies are going to see falling production because their reserves are falling. They're locked out of the best places to find oil world-wide, having been shoved out of Venezuela most recently. The most likely spots here in the US are closed to them by government policy. Just having money isn't enough - they also need opportunities. If this continues, expect more and more share buybacks to return money to shareholders.

As for the blame game, no one from a major oil company put a gun to the heads of millions of idiots and told them to buy a gas-guzzler. GM and Ford were apparently too short-sighted to understand that oil's a finite resource and that betting their businesses on producing gas-guzzling SUVs was a losing gamble. Are we going to extend the new socialism to business now, punshing success and rewarding failure? I hope not.